GA SB67

Creates a Georgia state income tax credit equal to 20% of the federal Earned Income Tax Credit (EITC) allowed under Section 32 of the Internal Revenue Code

Credit is fully refundable—if the credit exceeds the taxpayer's state income tax liability, the excess amount will be refunded to the taxpayer

Eligibility requires that the taxpayer would qualify for the federal EITC even after adding back any net operating loss carryforward deductions

Authorizes the commissioner to promulgate rules and regulations for implementation

Effective July 1, 2025, applicable to taxable years beginning on or after January 1, 2025